Business Loans for Engineering Services

With these business loans for engineering services, the SBA guarantees the lender that the loan will be repaid. This engineering services loan for $25,000 was given to a Massachusetts entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Hull (town Of), Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Forward, based in Walker, Minnesota.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
HULL (TOWN OF), MA 02045

SBA Loan Lender

BANK FORWARD
106 SIXTH ST SOUTH
WALKER, MN 56484

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541330 - Engineering Services

Loan Approval Date

1/22/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $25,000 loan. Remember, feel the fear, and do it anyway.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Advice on Getting a Small Business Loan

Small Business Banks in Walker, Minnesota

Minnesota SBA Banks